The composites structure shows superior properties & structural performance better than the constituents. Composites (carbon fibers, glass fibers, and others) have made a big impact on the entire global market, including the railway market. Using composite makes the railways lighter and renders greater resistance to heat, external impact and reduce power consumption by improving overall performance. Various other benefits associated with the reduction of railway weight are lower inertia, less track wear, enhanced stability, and the ability to achieve high speed. With extensive research and cost-effective mass production techniques in place, the demand for composite in railway sector has increased.

The Asia-Pacific and European region were the worlds largest rail composites market in 2014. China is the key consumer of rail composite in Asia-Pacific. Growth of high speed train in china and South Korea is one of the biggest driver for this market in Asia pacific region.

The report analyzes the global railway composite market trends and forecasts to 2020. The market size estimations have been provided in terms of market size ($Million & Kilo Tons). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered, recent developments, and company strategies.

Scope of the report:

This research report categorizes the global market on the basis of types of fiber, type of resin, applications, and region along with forecasting volume, value, and trends in each of the submarkets.

On the basis of type of fiber: The rail composites market is segmented on the basis of type of fiber, such as glass fiber composite, carbon fiber composite, and other composite. Additionally, each type is described in detail in the report with volume and value forecasts.

On the basis of type of resin: The railway composite market is segmented on the basis of type of resin, such as epoxy, polyester, polyurethane, vinyl ester, etc. Each type is described in detail in the report with market forecasts.

On the basis of applications: The rail composite market is segmented on the basis of industry applications, such as exterior, interior, and others. Each application is further described in detail in the report with volume and value forecasts for each application.

On the basis of geography: Regional level segmentation is done for railway composite that include North America, Asia-Pacific, Europe, and RoW, and further for key countries in each region that include the U.S., Canada, Germany, Spain, France, U.K., China, Japan, India, South Korea, Brazil etc.

The rail composites market is projected to witness a CAGR of more than 8.5% between 2015 and 2020, and is expected to reach global market value of more than $1 billion by 2020.

The global market is witnessing high growth because of its increasing use in different applications, such as interior and exterior components. Decreasing cost of rail composite processing and reduced cycle time are further anticipated to drive the market globally in the projected period.

Glass fiber composite is the most consumed rail composite across the world. Most of the rail composite materials offer superior properties than the conventional materials and have flexible nature, making them moldable in any shape. Use of composites in rail makes it lighter and renders greater resistance to heat, external impact and improves fuel efficiency. Also, rail makers are focusing on vehicle weight reduction.

The interior components application is witnessing the high demand. Use of carbon fiber composite in rail applications has a wide scope of expansion, but its high cost is hindering the use of carbon fiber composite in the rail industry.

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